NYSE Arca offers Netezza and its shareholders a highly liquid and efficient market, and we look forward to providing the company with superior services, market quality and brand visibility.
NYSE Arca's affiliation with the NYSE through their common parent, NYSE Euronext, is a benefit to Netezza as they list on NYSE Arca, NYSE Euronext's fully electronic trading platform that trades over one billion shares a day.
Netezza is the 37th new issue, 8th operating company and the first technology company to list on NYSE Arca since the 2006 merger between the former NYSE and Archipelago Holdings, Inc.
In the NYSE Arca market model, listed issuers participate in the selection of a "Lead Market Maker" responsible for maintaining tight spreads and providing the opportunity for price improvement.
NYSE Arca listing standards extend the NYSE's focus on providing a listing and trading venue for quality companies.